UPDATE: Piper Sandler Downgrades Wingstop (WING) to Underweight

Piper Sandler analyst Nicole Miller Regan downgraded Wingstop (NASDAQ: WING) from Overweight to Underweight with a price target of $102.00 (from $195.00).

The analyst comments "We expect WING shares to experience resistance in terms of garnering the same premium multiple in the face of the broader restaurant cycle. We are downgrading WING shares to Underweight with a now $102 price target. WING shares may be poised for modest downside, but are most likely to underperform within our universe of coverage."

For an analyst ratings summary and ratings history on Wingstop click here. For more ratings news on Wingstop click here.

Shares of Wingstop closed at $121.14 yesterday.

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